Verma, Rahul; Soydemir, Gökçe; Huang, Tzu-Man - In: Review of Behavioral Finance 12 (2019) 2, pp. 97-118
Purpose: The purpose of this paper is to examine the relative effects of rational and quasi-rational sentiments of individual and institutional investors on a set of smart beta fund returns. The magnitudes of the impacts of institutional investor sentiments are greater than those of individual...